body~politic

Friday, July 6, 2012

Another anti-peace rally in Ramallah

Another anti-peace rally in Ramallah

BBCW: A Depressflation? What is Depressflation?

BBCW: A Depressflation? What is Depressflation?


Wednesday, November 11, 2009


A Depressflation? What is Depressflation?

Dick Morris writes today warnings of depressflation brought about by Obama’s risky economic policy which is based on spending your way to recovery and printing trillions of dollars. I will let Morris explain to you what depressflation is, and I warn you before you read on, it’s not good.

Have you ever heard of a "depressflation"?
No surprise if you haven't. It's a term I coined myself, to describe the imminent -- and inevitable -- result of the Democrats' plans for "rescuing" the economy.

Think 1970s-style "stagflation" but much, much worse: massive inflation, even hyperinflation, together with Depression-like economic stagnation. A depressflation.

Why is this inevitable? Because with a bi-partisan consensus that deficits are vital in fighting the crisis (or easing the pain) there is no constraint on Obama and his party. The sky is the limit on spending, to the tune of a trillion-plus dollars over the next two years alone.

And there are only two ways to pay for it: (1) printing more money, which causes inflation, and (2) hiking taxes, which kills investment, businesses and jobs.

Then the question will be: When will we realize that government intervention is magnifying, not solving the problems that caused the crisis? When will the patience of the public with Obama's remedies run out? 

My guess is that it won't be until 2012 -- or after. 

John Wayne - Wikipedia, the free encyclopedia

John Wayne - Wikipedia, the free encyclopedia

Throughout most of his life, Wayne was a vocally prominent conservative Republican. Initially a self-described socialist during his college years, he voted for Democratic President Franklin D. Roosevelt in the 1936 presidential election and expressed admiration for Roosevelt's successor, fellow Democratic President Harry S Truman.[49] He took part in creating the Motion Picture Alliance for the Preservation of American Ideals in February 1944 and was elected president of that organization in 1947. An ardent anti-communist and vocal supporter of the House Un-American Activities Committee, in 1952 he made Big Jim McLain to show his support for the anti-communist cause.

"I know all about that. In the late Twenties, when I was a sophomore at USC, I was a socialist myself — but not when I left. The average college kid idealistically wishes everybody could have ice cream and cake for every meal. But as he gets older and gives more thought to his and his fellow man's responsibilities, he finds that it can't work out that way — that some people just won't carry their load ... I believe in welfare — a welfare work program. I don't think a fella should be able to sit on his backside and receive welfare. I'd like to know why well-educated idiots keep apologizing for lazy and complaining people who think the world owes them a living. I'd like to know why they make excuses for cowards who spit in the faces of the police and then run behind the judicial sob sisters. I can't understand these people who carry placards to save the life of some criminal, yet have no thought for the innocent victim." 

Thursday, July 5, 2012

It’s the Obama Way… 3 Million Kids Now Get Free Lunches All Year Long | The Gateway Pundit

It’s the Obama Way… 3 Million Kids Now Get Free Lunches All Year Long | The Gateway Pundit

Henninger: ObamaCare's Lost Tribe: Doctors - WSJ.com

Henninger: ObamaCare's Lost Tribe: Doctors - WSJ.com: The practice of medicine is the Obama health-care law's biggest loser.

Mitt Romney’s full interview with CBS This Morning » The Right Scoop -

Mitt Romney’s full interview with CBS This Morning » The Right Scoop -

The smothering caress of the government’s bosom. « I have the conch!

The smothering caress of the government’s bosom. « I have the conch!

DON'T FEAR THE REAPER?

DON'T FEAR THE REAPER?

Obama’s Super-PAC Advantage - Jim Geraghty - National Review Online

Obama’s Super-PAC Advantage - Jim Geraghty - National Review Online

Brad Pitt's Mother Pens Anti-Gay, Anti-Obama Letter to Local Newspaper - The Hollywood Reporter

Brad Pitt's Mother Pens Anti-Gay, Anti-Obama Letter to Local Newspaper - The Hollywood Reporter: Jane Pitt calls the president "a liberal who supports the killing of unborn babies and same-sex marriage" just months after her son reveals his support of Obama in a THR cover story.

“Supply-side” economics worked wonders for Reagan; Obama should give it a shot!

“Supply-side” economics worked wonders for Reagan; Obama should give it a shot!

Billy Corgan: Growing Up 'Around Drug Addicts and Freaks' Makes You 'Lean Left' | NewsBusters.org

Billy Corgan: Growing Up 'Around Drug Addicts and Freaks' Makes You 'Lean Left' | NewsBusters.org

Green Stimulus Jobs Going to China? | Video - ABC News

Green Stimulus Jobs Going to China? | Video - ABC News: Jon Karl finds the stimulus is creating green jobs .... overseas.

» Bill Gates and 47,500 Cases of Paralysis Alex Jones' Infowars: There's a war on for your mind!

» Bill Gates and 47,500 Cases of Paralysis Alex Jones' Infowars: There's a war on for your mind!: Untested vaccines causing new wave of polio-like paralysis across India

Awesome – North Carolina defunds Planned Parenthood » The Right Scoop -

Awesome – North Carolina defunds Planned Parenthood » The Right Scoop -

CBN NEWS – North Carolina will no longer fund Planned Parenthood, America’s largest abortion provider.
Republican lawmakers voted to end all state contracts with private providers of family planning services, overriding Gov. Bev Perdue’s veto of de-funding the group for the second time.
The move redirects more than $343,000 from Planned Parenthood to county health departments.
Marjorie Dannenfelser, president of the Susan B. Anthony list, said the vote “does not cut a dime” of funding for family planning.
“Planned Parenthood is an abortion-centered, profit-driven business, not the caring health provider for women and girls they purport to be. They neither need nor deserve taxpayer dollars,” Dannenfelser said.
“This budget adjustment does not cut a dime of family planning funding. It does protect the consciences of pro-life taxpayers by sending funds to county health departments which do not perform abortions,” she said.

Obama’s Social Security Number challenged

Obama’s Social Security Number challenged: Daniels started her investigation in August 2009. Given her profession, she has been able to access a variety of proprietary databases. What she learned without much trouble is that Obama has been using a Social Security Number with the prefix “042″ since 1986.

As she discovered, the “042″ number is reserved for the exclusive use of individuals who register in Connecticut. When she ran 10 sequential numbers before and after Obama’s, all returned with the documentation “issued 1977-1979 in CT.”

Democrats to Blacks: Stay Angry, Vote Democratic - Larry Elder - Page 1

Democrats to Blacks: Stay Angry, Vote Democratic - Larry Elder - Page 1: Rep. Charlie Rangel, D-N.Y., once said: "George (W.) Bush is our 'Bull' Connor -- and if that doesn't get to you, nothing will be able to get to you. It's time for us to be able to say that we're sick and tired, we're fired up and we're not going to take it anymore."

Connor was a racist sheriff who sicced dogs and water hoses on civil rights workers in the '60s. Democratic National Committee Chair Debbie Wasserman Schultz, D-Fla., says Republicans "want to literally drag us all the way back to Jim Crow laws."

The tactic is as obvious as it is insulting. Tell black voters that "they" are out to "get them" -- and pull that lever for us Democrats so we can resist their racist attempt to undermine your success.

Never mind that this kind of anger wrapped in paranoia -- assuming that others are out to get you -- is precisely the formula to undermine your own success.

The Black Book of Communism - Wikipedia, the free encyclopedia

The Black Book of Communism - Wikipedia, the free encyclopedia: The Black Book of Communism: Crimes, Terror, Repression is a book authored by several European academics and edited by Stéphane Courtois,[1] which documents a history of repressions, both political and civilian, by Communist states, including genocides, extrajudicial executions, deportations, and artificial famines. The book was originally published in 1997 in France under the title Le Livre noir du communisme: Crimes, terreur, répression by Éditions Robert Laffont. In the United States it is published by Harvard University Press.[2]

Coke and Pepsi being used by Indian farmers as a pesticide

IRS whistleblower blows the roof off IRS tax fraud » The Right Scoop -

IRS whistleblower blows the roof off IRS tax fraud » The Right Scoop -: Wow. This IRS whistleblower, Howard Antelis, says he got tired of reporting fraud to his managers and getting told to look the other way. The fraud deals mostly with illegals and other criminals signing up for ITINs (like social security numbers) to get tax credits that they aren’t supposed to get, costing the tax payer over 4 billion every year. Antelis took his case to the Inspector General in Washington DC and they took immediate action and audited the IRS. This guy is a true American hero.

Our President Is No Patriot

Our President Is No Patriot: On this Fourth of July, we should remember just how little President Barack Obama cares for America. He does not believe the United States is an exceptional nation in any unique sense. He refused to wear a flag pin as a gesture of dissent from national pride. He worshipped at a church that damns the country, and neither he nor his wife were proud of America until fellow Democrats elevated them to the top of the political heap.

Judicial Betrayal - Thomas Sowell - [page]

Judicial Betrayal - Thomas Sowell - [page]: Betrayal is hard to take, whether in our personal lives or in the political life of the nation. Yet there are people in Washington -- too often, Republicans -- who start living in the Beltway atmosphere, and start forgetting those hundreds of millions of Americans beyond the Beltway who trusted them to do right by them, to use their wisdom instead of their cleverness.

Detroit to be hit by flesh and brain-eating zombie apocalypse (but only if live-action terror theme park is pushed through) | Mail Online

Detroit to be hit by flesh and brain-eating zombie apocalypse (but only if live-action terror theme park is pushed through) | Mail Online



Tuesday, July 3, 2012

Wages Drop, Only 5th Time In 33 Years

Wages Drop, Only 5th Time In 33 Years

Obama Admin says more mountain folks should use food stamps, get over their "mountain pride." - AgainstCronyCapitalism.org

Obama Admin says more mountain folks should use food stamps, get over their "mountain pride." - AgainstCronyCapitalism.org

Unpatriotic Debt

Full List of Obamacare Tax Hikes: Listed by Size of Tax Hike « PBN – News, Opinion, Truth & YOU!

Full List of Obamacare Tax Hikes: Listed by Size of Tax Hike « PBN – News, Opinion, Truth & YOU!

West: 'Every American Should Be Mandated To Buy A Glock 9mm'

West: 'Every American Should Be Mandated To Buy A Glock 9mm'

Obama Lines Up Army of IRS Agents to Dole Out Punishment and Fear | The Gateway Pundit

Obama Lines Up Army of IRS Agents to Dole Out Punishment and Fear | The Gateway Pundit

Two men suspected of trying to hijack a flight in China were beaten to death by passengers | Mail Online

Two men suspected of trying to hijack a flight in China were beaten to death by passengers | Mail Online

Recession Imminent? U.S. Manufacturing Plunges

Recession Imminent? U.S. Manufacturing Plunges

Was it Really Bush’s Fault…Or Is Obama Lying…Again? | Freedom Bookstore & Blog

Was it Really Bush’s Fault…Or Is Obama Lying…Again? | Freedom Bookstore & Blog

For those who are listening to the liberals propagating the fallacy
that everything is “Bush’s Fault,” here’s the reality:   Jan. 3rd, 2007
was the day the Democrats took over the Senate and the Congress.  At the
time:


The DOW Jones closed at 12,621.77

The GDP for the previous quarter was 3.5%

The Unemployment rate was 4.6%


George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH!


Jan. 3rd, 2007 was the day Barney Frank took over the House Financial
Services Committee and Chris Dodd took over the Senate Banking
Committee.


The economic meltdown that happened 15 months later was in what part of the economy? –  BANKING AND FINANCIAL SERVICES!


The FINANCIAL CRISIS began when Financial Institutions began dumping
$5-6 TRILLION Dollars of toxic loans on the economy which were backed
and approved of by Govt-run institutions –Fannie Mae and Freddie Mac!


President Bush asked Congress 17 TIMES to stop Fannie & Freddie –
starting in 2001 sensing this was was financially risky for the US
economy.  Barney Frank told Bush that Fannie & Freddie were in good
shape and didn’t need reforming.


And who took the 3rd highest pay-off from Fannie Mae AND Freddie
Mac?  OBAMA.  And who fought against reform of Fannie and Freddie? 
OBAMA and the Democratic Congress.


In that 1st year, Democrats had to contend with George Bush, which
caused them to compromise on spending and spending increases.  For 2009
though, Nancy Pelosi & Harry Reid by-passed George Bush entirely,
passing continuing resolutions to keep government running until Barack
Obama could take office.  At that time, they passed a massive Omnibus
spending bill to complete the 2009 budgets.  And where was Barack Obama
during this time? He was a member of the very Congress that passed all
of these massive spending bills, and which he signed as President to
complete 2009.


If the Democrats inherited any deficit, it was the 2007 deficit, the
last of the Republican budgets.  That deficit was the lowest in 5 years,
and the 4th straight decline in deficit spending.  After that,
Democrats in Congress took control of spending, and that includes Barack
Obama, who voted for the budgets.


If Obama inherited anything, he inherited it from himself.  In a
nutshell, what Obama is saying is “I inherited a deficit that I voted
for and then I voted to expand that deficit 4-fold since Jan. 20, 2009.”


For details on the legislation and events that led up to and caused the 2008 financial fiasco, read economist Thomas Woods’ book:  Meltdown.

Monday, July 2, 2012

The maddening details of the DREAM Decree | The Daily Caller

The maddening details of the DREAM Decree | The Daily Caller
The maddening details of Obama’s DREAM Decree are becoming clearer. As this CIS report notes, 1) The decree doesn’t just apply to illegal immigrants who were “brought to this country by their parents.” It also would give work permits to those who snuck across the border by themselves as teenagers. “Through no fault of their own” is a talking point for DREAM proselytizers, not an actual legal requirement. 2) The same goes for the phrase “and know only this country as home.” That’s a highly imaginative riff on the decree’s actual requirement, which is for 5 years “continuous residence.”  It turns out “continuous residence” doesn’t mean what you think it means. “Immigration attorneys have been successful in getting immigration courts to whittle this down to a point where it is almost meaningless,” says CIS’s Jon Feere. As an illegal immigrant you can go back homeabroad for multiple 6-month stints during those five years–but, if precedent holds, in Janet Napolitano’s eyes you will still “know only this country as home.” …
Update: 3) Another mini-amnesty requirement–“do not present a risk … to public safety” –might not mean what it seems to mean either. According to Heather Mac Donald, if Obama’s decree follows the DREAM language, you could qualify if you have a criminal record with several misdemeanors, as long as the total jail time was less than 90 days. Given the tendency of prosecutors to plea-bargain down disturbing crimes (like theft), that would hardly limit the amnesty to those who, in Obama’s words, have “done everything right [their] entire life.” …
Update #2: Here is the Department of Homeland Security’s FAQ on the new mini-amnesty for DREAMers. Note there is no definition of what “through no fault of their own” means or how an immigrant could prove it. And the official eligibility requirements do not have a “fault” element–they only require that the immigrant came to the U.S. “under the age of 16.” This strongly suggests that “no fault of their own” is not actually a requirement–that anyone who comes here under age 16 is simply assumed to not have been at fault, even if they arguably were.

Ryan Blasts John Roberts

Ryan Blasts John Roberts

A vast new federal power | Fox News

A vast new federal power | Fox News

The American Spectator : Supreme Beings

The American Spectator : Supreme Beings: Supreme Beings


By W. James Antle, III on 7.2.12 @ 6:10AM

Rasmussen Poll: Obama Gets No Bounce From Court Ruling - Polls - Fox Nation

Rasmussen Poll: Obama Gets No Bounce From Court Ruling - Polls - Fox Nation

EMILY’s List hysteria: Brace yourselves, Republicans are ‘coming for our women’ | Twitchy

EMILY’s List hysteria: Brace yourselves, Republicans are ‘coming for our women’ | Twitchy

Apparently, the knuckle-dragging GOP is a-comin’, ready to knock womenfolk over the heads and drag them off caveman-style. Or something.
Hey, isn’t “our women” kinda paternalistic language? Progressive feminist fail.

Obama campaign call affirms money anxiety - The Washington Post

Obama campaign call affirms money anxiety - The Washington Post:

Winds of Political Change Haven’t Shifted Public’s Ideology Balance - Pew Research Center

Winds of Political Change Haven’t Shifted Public’s Ideology Balance - Pew Research Center: The Democratic Party's advantage in party identification has widened over the past two decades, but the share of Americans who describe their political views as liberal, conservative or moderate has remained stable during the same period. Only about one-in-five Americans currently call themselves liberal (21%), while 38% say they are conservative and 36% describe themselves as moderate. This is virtually unchanged from recent years; when George W. Bush was first elected president, 18% of Americans said they were liberal, 36% were conservative and 38% considered themselves moderate.1

The GDP Seduction | FreedomWorks

The GDP Seduction | FreedomWorks

The standard measure of our national economic output is the Gross Domestic Product or GDP. Judging economic performance on the formula for GDP virtually guarantees that government will spend money it doesn't have, whether that money comes from taxing, borrowing, or as is currently in vogue, simply printing it.

The standard formula for GDP is:

GDP = C + I + NX + G

where C is Consumer spending, I is capital Investment, NX is net exports, and G is Government spending, . Since the performance of our elected leaders is based so much on the performance of the economy, and the performance of the economy is judged by growth in GDP, the easy way for them to get good numbers is to spend more.

The Government component of the formula ought to be seen for what it is, a load on the overall economy and not a driver of it. In order to grow, the government takes resources out of the private economy and uses them up, returning only a portion in the form of its purchases and public sector employment.

The less government spends, the less it takes out of the private economy. Though outside our scope here, a bigger advantage of governments spending less is the decreased burden of regulation they are able to inflict on the private sector when they do.

Self-serving Keynesians use the standard GDP calculation to define success as exactly what they already want to do: spend money.

Clearly missing from the GDP calculation is anything to do with borrowing. Consumers can spend lots of money they don't have to buy necessities or the latest gadget from Apple, but if they do so on credit the money will have to be paid back at some point, and adding interest, at an increased cost.

The GDP model also ignores government borrowing. As Andy Sutton put it at Seeking Alpha back in August, 2009:
If one were interested in calculating a more honest version of GDP, any government borrowing (for starters) would be subtracted. Sure the money is spent on goods, but it is not money that is free and clear. It represents a future burden on growth, and should be treated as such. Just as an example, in FY 2008, the Federal Government ran a deficit of over $400 billion. Taking that off 2008 GDP lops another 2.8% off GDP. Imagine what deduction nearly $2 Trillion worth of borrowing would do to 2009 GDP if it were counted.
We don't have to imagine, as we're living through it. Our government now owes an amount roughly equal to a year's output of the entire economy. With the total of federal, state, and local government spending now running between 38 percent or 41 percent of GDP, and deficits at 40% of that, the borrowing and printing sector of the economy is the part that's doing fine.

States like Illinois and California are unable to print money, but have issued bonds as if printing them were enough to stay solvent. Cities, of which Stockton, CA is the most recent example, are finding that issuing bonds to fund pension and other non-capital expenses is a sure route to bankruptcy court, as well.

To be clear, the government isn't simply running the printing presses. Rather, the Federal Reserve uses its ability to "expand its balance sheet", simply changing the balance in its own accounts. Currently they are buying up long-term government debt and continuing to buy bad debt with this created money, rather than allowing the holders of the results of bad decisions to suffer the consequences.

That shell game is intended to stimulate the private economy, but it isn't working.
Writing at Reason on President Obama's recent comment that the private sector was "doing fine", David Harsanyi said:
In context, the entire focus of the president is warped—not simply because he underestimated the health of the private sector but because he believes that any other sector matters when talking about the economy. It doesn't.
As long as the people in charge of creating the federal budget (or not creating one) have the opportunity to determine their own perceived political and career success by deficit spending, we will have deficit spending. In order to make the economic numbers on which they are judged look good, government officials have to grow government.

If they fail to grow government, we get stories like this: from Jeff Cox at CNBC in April:
Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.
Cox meant that the lack of government spending was bringing down the overall numbers in the standard calculation.
Friday's gross domestic product report confirmed what a drag government can be: While consumer spending grew at a 2.9 percent clip, state and local governments cut back spending by 1.2 percent on an annualized basis and the federal government pulled back by 5.6 percent.
State and local governments are not driven by quarterly GDP numbers but by the need to balance their budgets. Without a printing press, they have no choice but to cut back when they run out of money.  If we focus on the burden on the private economy and not on the arbitrary GDP calculation, it's easy to see that local governments cutting back is a positive development for the nation as a whole.

New Poll: Voters Dislike Supreme Court’s Obamacare Ruling - The Daily Beast

New Poll: Voters Dislike Supreme Court’s Obamacare Ruling - The Daily Beast

PolitiFact | Obama flip-flops on requiring people to buy health care

PolitiFact | Obama flip-flops on requiring people to buy health care

Obama, Roberts, and the Left Juristocracy

Obama, Roberts, and the Left Juristocracy

Judge opening door to Obamacare secrets?

Judge opening door to Obamacare secrets?

Sunday, July 1, 2012

Silver Lining For States Fighting Healthcare Law? - Healthcare Ruling - Fox Nation

Silver Lining For States Fighting Healthcare Law? - Healthcare Ruling - Fox Nation: a tax may only require a simple majority in the senate to vote for repeal.

WSJ Chief Economist: 75% Of Obamacare Costs Will Fall On The Backs Of Those Making Less Than 120k A Year - Healthcare Ruling - Fox Nation

WSJ Chief Economist: 75% Of Obamacare Costs Will Fall On The Backs Of Those Making Less Than 120k A Year - Healthcare Ruling - Fox Nation

Flashback: Obama in 2008 Promised Health Care Should “Never Be Purchased With Tax Increases On Middle Class Families” (Video) | The Gateway Pundit

Flashback: Obama in 2008 Promised Health Care Should “Never Be Purchased With Tax Increases On Middle Class Families” (Video) | The Gateway Pundit

Katie Holmes is divorcing Tom Cruise to save daughter Suri from cult of Scientology | The Sun |Showbiz

Katie Holmes is divorcing Tom Cruise to save daughter Suri from cult of Scientology | The Sun |Showbiz: TOM Cruise’s wife Katie Holmes is divorcing the star to save daughter Suri from Scientology, it was revealed last night

The Running Man - Wikipedia, the free encyclopedia

The Running Man - Wikipedia, the free encyclopedia: The Running Man is a science fiction novel by Stephen King, first published under the pseudonym Richard Bachman in 1982 as a paperback original. It was collected in 1985 in the hardcover omnibus The Bachman Books. The novel is set in a dystopian United States during the year 2025, in which the nation's economy is in ruins and world violence is rising.

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